The following selected account balances are provided for Delray Mfg.

Sales	$	1,193,000
Raw materials inventory, beginning		45,000
Work in process inventory, beginning		51,700
Finished goods inventory, beginning		68,700
Raw materials purchases		160,000
Direct labor		241,000
Factory supplies used (indirect materials)		19,100
Indirect labor		40,000
RepairsFactory equipment		5,250
Rent cost of factory building		57,000
Advertising expense		109,000
General and administrative expenses		126,000
Raw materials inventory, ending		42,900
Work in process inventory, ending		38,200
Finished goods inventory, ending		69,000

Prepare an income statement for Delray Mfg. (a manufacturer).